RATE this condo in MFH for only $349,000
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Poast new message in this thread
Date: July 12th, 2018 10:58 PM Author: Bearded cruise ship useless brakes
What did that unit used to be, a master bedroom?
The kitchen is an old closet.
(http://www.autoadmit.com/thread.php?thread_id=4024386&forum_id=2#36416455) |
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Date: July 12th, 2018 11:35 PM Author: federal theater dog poop
Ljl at coopcucks.
"Yeah I'm totally gonna live there full-time."
*shows up whenever the fuck I want*
"Oh sorry I've been traveling a lot"
(http://www.autoadmit.com/thread.php?thread_id=4024386&forum_id=2#36416655) |
Date: July 13th, 2018 9:45 AM Author: rambunctious mint persian
i used to live in a similarly sized apartment in the east village.
cost me 1500-1700 though. those fees are insane.
(http://www.autoadmit.com/thread.php?thread_id=4024386&forum_id=2#36417832) |
Date: July 13th, 2018 9:57 AM Author: unhinged violent doctorate
this is a coop
not a condo
(http://www.autoadmit.com/thread.php?thread_id=4024386&forum_id=2#36417879) |
Date: July 15th, 2018 11:39 PM Author: buck-toothed step-uncle's house gay wizard
i just down understand listings like this. 1800/mo mortgage (optimistic) + 900 in fees. you can rent a similar apt in the area for 2k/mo. even if you buy this place to live there, nobody wants to live in a place like that for more than a few years and any gains you make on the investment will be minimal when you sell it after 5 years, taking into account closing costs and broker fees, etc. even if it appreciates 50k, which would be optimistic, you will have paid that in maintenance fees. plus you lose all the flexibility of being able to live wherever you want in the city (or anywhere else) at any time.
and as an investment property, its not much better. 700/mo in returns is 2.4% a year, and that assumes you rent out at 100% (not going to happen) and that you dont have rent issues with the tenants (more likely with these shit studios).
i just dont get it
(http://www.autoadmit.com/thread.php?thread_id=4024386&forum_id=2#36434234) |
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Date: July 15th, 2018 11:42 PM Author: canary university
yup
friend bought a MFH studio, barely breaking even (maybe made 20K profit) after holding for a few years, after accounting for HOA fees
also studios don't appreciate much and you prob won't even be able to rent it out for your mortgage + HOA fees....
(http://www.autoadmit.com/thread.php?thread_id=4024386&forum_id=2#36434261) |
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